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Energy Industry: Difference between revisions
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=== June 2023 === | === June 2023 === | ||
*Oil prices were slightly down -1.9 m/m, but were volatile in a range from $72 to $67<ref name=":23">https://www.bloomberg.com/quote/CL1:COM</ref><ref>https://fred.stlouisfed.org/series/DCOILWTICO</ref> | *Oil prices were slightly down -1.9 m/m, but were volatile in a range from $72 to $67<ref name=":23">https://www.bloomberg.com/quote/CL1:COM</ref><ref name=":5">https://fred.stlouisfed.org/series/DCOILWTICO</ref> | ||
*Gasoline prices were basically unchanged at 0.5% m/m, but increased a bit in the middle of the month. <ref name=":13">https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=w</ref><ref>https://fred.stlouisfed.org/series/GASREGW</ref> | *Gasoline prices were basically unchanged at 0.5% m/m, but increased a bit in the middle of the month. <ref name=":13">https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=w</ref><ref name=":6">https://fred.stlouisfed.org/series/GASREGW</ref> | ||
*Natural gas prices were up 1.4% , in a range from 2.16 to 2.80.<ref name=":322">https://www.bloomberg.com/quote/NG1:COM</ref><ref>https://fred.stlouisfed.org/series/DHHNGSP</ref> | *Natural gas prices were up 1.4% , in a range from 2.16 to 2.80.<ref name=":322">https://www.bloomberg.com/quote/NG1:COM</ref><ref name=":7">https://fred.stlouisfed.org/series/DHHNGSP</ref> | ||
*Futures market is now pricing an increase in oil prices, at $72.32 at year end. <ref name=":422">https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref> | *Futures market is now pricing an increase in oil prices, at $72.32 at year end. <ref name=":422">https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref> | ||
=== July 2023 === | |||
* Oil prices went up on average a significant 8.3% m/m in July 2023, going from $69.80 to $81.80. Still -25.1% y/y/. <ref name=":5" /> | |||
* Gasoline prices went up on average 0.7% m/m during July 2023, and a -21.1% y/y. <ref name=":6" /> | |||
* Natural gas prices went up on average 17.2% m/m in July 2023, and -65% y/y. <ref name=":7" /> | |||
* Futures market is now pricing an increase in oil prices, at $80.59 at year end.<ref name=":422" /> | |||
== References == | == References == | ||